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Uptown Financial Advisors LLC boosted its stake in Vanguard Intermediate-Term Bond ETF (NYSEARCA:BIV – Free Report) by 10.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,897 shares of the company’s stock after purchasing an additional 4,344 shares during [...]
Boyd Watterson Asset Management LLC OH trimmed its position in shares of Booking Holdings Inc. (NASDAQ:BKNG – Free Report) by 5.9% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 428 shares of the business services provider’s stock after selling 27 shares during the quarter. Boyd Watterson Asset Management LLC OH’s holdings in Booking [...]
W.G. Shaheen & Associates DBA Whitney & Co lifted its stake in Hershey Company (The) (NYSE:HSY – Free Report) by 4.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 34,129 shares of the company’s stock after purchasing an additional 1,355 shares during [...]
W.G. Shaheen & Associates DBA Whitney & Co increased its stake in shares of Hershey Company (The) (NYSE:HSY – Free Report) by 4.1% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 34,129 shares of the company’s stock after purchasing an additional 1,355 shares during [...]
Goldman Sachs (NYSE:GS) and BNY (NYSE:BK) have introduced a blockchain-powered system to issue digital tokens that mirror shares of money market funds, marking a significant step toward the tokenization of traditional financial assets in the United States.As part of this initiative, institutional investors can now subscribe to select money market funds via BNY’s LiquidityDirect platform, with mirror tokens issued using Goldman Sachs’ GS DAP® blockchain infrastructure. These digital representations will reflect the corresponding value of investors’ holdings and allow enhanced visibility, programmability, and potential future transferability of fund shares.The launch ...Full story available on Benzinga.com
Market Analysis by covering: Chevron Corp, Exxon Mobil Corp, Hess Corporation, Crude Oil WTI Futures. Read 's Market Analysis on Investing.com
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Netflix (NASDAQ:NFLX) has outperformed the market over the past 5 years by 4.8% on an annualized basis producing an average annual return of 19.25%. Currently, Netflix has a market capitalization of $500.60 billion. Buying $100 In NFLX: If an ...Full story available on Benzinga.com
Goldman Sachs, BNY To Offer Tokenized Money-Market Funds For Clients Authored by Amin Haqshanas via CoinTelegraph.com,Wall Street giants Goldman Sachs and BNY are preparing to offer institutional investors access to tokenized money market funds, which could unlock real-time settlement, 24/7 market access and more efficiencies across capital markets.Clients of BNY, the world’s largest custodian bank, will soon be able to invest in money market funds whose ownership is recorded directly on Goldman Sachs’ private blockchain, according to a Wednesday news release.“As the financial system transitions toward a more digital, real-time architecture, BNY is committed to enabling scalable and secure solutions that shape the future of finance,” said Laide Majiyagbe, global head of liquidity, financing and collateral at BNY.The initiative includes participation from industry heavyweights including BlackRock, Fidelity Investments and Federated Hermes, along with the asset management arms of Goldman and BNY, per the release.Money market fund tokens. Source: Copper.coBan on interest-bearing stables to spur growth in tokenized fundsThe development comes on the heels of the newly signed GENIUS Act, which established a regulatory framework for stablecoins in the US. The bill, passed last week with more than 300 House votes, bans interest-bearing stablecoins.In contrast, tokenized money market funds offer yield, giving hedge funds, pensions and corporations a new tool to manage idle cash with minimal volatility.In a report last month, Moody’s revealed that tokenized short-term funds have grown to $5.7 billion in assets since 2021 amid growing interest from traditional asset managers, insurers and brokerages looking to offer clients access between fiat and digital markets. Typically backed by US Treasurys or other low-risk instruments, these funds function like traditional money market funds but leverage blockchain to issue fractional shares and enable real-time settlement.Race to bring capital markets on blockchain is onEarlier this month, Robinhood CEO Vlad Tenev detailed plans for “Robinhood Chain,” an Ethereum-compatible layer 2 on Arbitrum Orbit. The blockchain will let users trade tokenized derivatives of stocks directly on the blockchain, moving asset trading outside traditional exchange hours.In a July 4 report, Galaxy Digital said Robinhood’s tokenization move removes assets from traditional market channels and brings them onchain, directly challenging the concentrated liquidity and activity that give major TradFi exchanges like the NYSE their edge. Tyler DurdenWed, 07/23/2025 - 10:45
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GUADALAJARA, Mexico, July 22, 2025 (GLOBE NEWSWIRE) -- Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC, BMV:GAP) ("the Company" or "GAP") reports its consolidated results for the second quarter ended June 30, 2025 (2Q25). Figures are unaudited and prepared following International Financial Reporting Standards ("IFRS") as issued by the International Accounting Standards Board ("IASB").Summary of Results 2Q25 vs. 2Q24The sum of aeronautical and non-aeronautical services revenues increased by Ps. 1,922.2 million, or 30.6%. Total revenues increased by Ps. 3,623.0 million, or 49.9%.Cost of services increased by Ps. 308.5 million, or 25.4%.Income from operations increased by Ps. 1,067.6 million, or 30.4%.EBITDA increased by Ps. 1,305.2 million, or 31.1%, an increase from Ps. 4,198.1 million in 2Q24 to Ps. 5,503.3 million in 2Q25. EBITDA margin (excluding the effects of IFRIC-12) went from 66.8% in 2Q24 to 67.1% in 2Q25.Comprehensive income decreased by Ps. 658.9 million, or 22.8%, from an income of Ps. 2,893.9 million in 2Q24 to an income of Ps. 2,234.9 million in 2Q25.Company's Financial Position:As of June 30, 2025, the Company reported a cash and cash equivalents position of Ps. 9,697.3 million. During the second quarter of 2025, the Company repaid the maturing bond certificate "GAP 21" for Ps. 2,500.0 million. In addition, the Company drew down a Ps. 3,375.0 million credit facility from Banco Nacional de México, S.A. ("Banamex") with a five-year term, and the proceeds were used to refinance maturities in June and July 2025 with Banamex for Ps. 2,500.0 million and BBVA for Ps. 875.0 million.Passenger TrafficDuring 2Q25, the 14 airports operated by GAP recorded an increase of 624.7 thousand total passengers, representing a 4.1% increase compared to 2Q24.During this period, the following new routes were launched:Domestic:AirlineDepartureArrivalOpening dateFrequenciesVivaHermosilloTijuanaMay 22, 20251 dailyVivaTijuanaHermosilloMay 22, 20251 dailyVivaLa PazSanta LucíaMay 22, 20251 dailyVivaLa PazTijuanaMay 22, 20251 dailyVivaTijuanaLa PazMay 22, 20251 dailyVivaTijuanaVeracruzMay 22, 20253 weeklyVivaTijuanaQuerétaroMay 23, 20254 weekly Note: Frequencies can vary without prior notice.International: AirlineDepartureArrivalOpening dateFrequenciesWorld2FlyMontego BayLisboaJune 11, 20251 weekly Note: Frequencies can vary without prior notice.Domestic Terminal Passengers – 14 airports (in thousands): Airport2Q242Q25Change6M246M25ChangeGuadalajara2,994.83,090.93.2%5,666.56,112.17.9%Tijuana *2,097.82,139.22.0%4,083.44,196.72.8%Los Cabos690.6739.77.1%1,328.31,408.66.0%Puerto Vallarta742.6830.411.8%1,317.41,484.012.6%Montego Bay0.00.00.0%0.00.00.0%Guanajuato514.3576.812.2%998.21,092.39.4%Hermosillo531.0545.52.7%988.51,054.26.6%Kingston0.50.1(84.2%)1.10.2(85.8%)Morelia153.3173.112.9%299.5359.219.9%Mexicali226.3305.735.1%514.6598.816.4%La Paz288.1328.113.9%559.4608.78.8%Aguascalientes166.2167.40.7%308.6319.23.4%Los Mochis141.8179.426.5%268.0344.428.5%Manzanillo30.331.43.5%66.266.1(0.1%)Total8,577.69,107.66.2%16,399.817,644.57.6% *Cross Border Xpress (CBX) users are classified as international passengers.International Terminal Passengers – 14 airports (in thousands): Airport2Q242Q25Change6M246M25ChangeGuadalajara1,369.91,387.21.3%2,860.02,894.21.2%Tijuana *981.71,051.87.1%1,934.02,066.76.9%Los Cabos1,199.91,224.42.0%2,607.82,607.3(0.0%)Puerto Vallarta897.7849.1(5.4%)2,441.52,321.6(4.9%)Montego Bay1,285.11,264.7(1.6%)2,742.42,603.7(5.1%)Guanajuato242.2252.74.3%489.3515.75.4%Hermosillo20.319.2(5.2%)43.640.1(7.9%)Kingston419.2453.58.2%810.6881.58.7%Morelia156.8155.9(0.6%)313.9330.15.1%Mexicali2.11.8(14.1%)3.83.6(4.0%)La Paz2.98.9202.1%6.117.6186.1%Aguascalientes81.782.50.9%151.2156.23.3%Los Mochis2.02.0(0.2%)4.03.9(3.2%)Manzanillo15.918.315.2%56.162.210.8%Total6,677.36,771.81.4%14,464.414,504.20.3% *CBX users are classified as international passengers.Total Terminal Passengers – 14 airports (in thousands):Airport2Q242Q25Change6M246M25ChangeGuadalajara4,364.64,478.12.6%8,526.59,006.35.6%Tijuana *3,079.53,191.03.6%6,017.46,263.34.1%Los Cabos1,890.51,964.03.9%3,936.24,015.92.0%Puerto Vallarta1,640.31,679.52.4%3,758.93,805.61.2%Montego Bay1,285.11,264.7(1.6%)2,742.42,603.7(5.1%)Guanajuato756.5829.49.6%1,487.51,608.18.1%Hermosillo551.2564.72.4%1,032.01,094.36.0%Kingston419.8453.58.0%811.8881.78.6%Morelia310.1329.06.1%613.4689.312.4%Mexicali228.5307.534.6%518.4602.416.2%La Paz291.0337.015.8%565.6626.310.7%Aguascalientes247.9249.80.8%459.8475.33.4%Los Mochis143.8181.426.1%272.0348.328.0%Manzanillo46.249.77.5%122.4128.34.9%Total15,254.715,879.44.1%30,864.232,148.74.2% *CBX users are classified as international passengers.CBX Users (in thousands):Airport2Q242Q25Change6M246M25ChangeTijuana965.71,031.46.8%1,907.62,029.66.4% Consolidated Results for the Second Quarter of 2025 (in thousands of pesos): 2Q242Q25ChangeRevenues Aeronautical services4,560,960 5,763,188 26.4%Non-aeronautical services1,722,735 2,442,659 41.8%Improvements to concession assets (IFRIC-12)975,327 2,676,149 174.4%Total revenues7,259,022 10,881,996 49.9% 6,283,695 8,205,847 30.6%Operating costs Costs of services:1,213,842 1,522,382 25.4%Employee costs490,716 638,722 30.2%Maintenance180,485 256,830 42.3%Safety, security & insurance199,802 232,516 16.4%Utilities130,036 148,732 14.4%Business operated directly by us72,549 86,632 19.4%Other operating expenses140,254 158,950 13.3% Technical assistance fees202,174 221,680 9.6%Concession taxes678,595 968,933 42.8%Depreciation and amortization687,351 924,959 34.6%Cost of improvements to concession assets (IFRIC-12)975,327 2,676,149 174.4%Other (income)(9,042)(10,461)15.7%Total operating costs3,748,247 6,303,642 68.2%Income from operations3,510,775 4,578,354 30.4%Financial Result(663,157)(733,545)10.6%Income before income taxes 2,847,618 3,844,809 35.0%Income taxes(594,903)(1,189,674)100.0%Net income 2,252,715 2,655,135 17.9%Currency translation effect659,054 (423,527)(164.3%)Cash flow hedges, net of income tax(20,164)2,668 (113.2%)Remeasurements of employee benefit – net income tax2,276 667 (70.7%)Comprehensive income 2,893,881 2,234,943 (22.8%)Non-controlling interest(95,925)(90,951)(5.2%)Comprehensive income attributable to controlling interest2,797,956 2,143,992 (23.4%) 2Q242Q25ChangeEBITDA4,198,126 5,503,313 31.1%Comprehensive income2,893,881 2,234,943 (22.8%)Comprehensive income per share (pesos)5.7273 4.4232 (22.8%)Comprehensive income per ADS (US dollars)3.4591 2.1621 (37.5%) Operating income margin48.4%42.1%(13.0%)Operating income margin (excluding IFRIC-12)55.9%55.8%(0.1%)EBITDA margin57.8%50.6%(12.6%)EBITDA margin (excluding IFRIC-12)66.8%67.1%0.4%Costs of services and improvements / total revenues30.2%38.6%27.9%Cost of services / total revenues (excluding IFRIC-12)19.3%18.6%(4.0%) - Net income and comprehensive income per share for 2Q25 and 2Q24 were calculated based on 505,277,464 shares outstanding as of June 30, 2025, and June 30, 2024, respectively. Figures in U.S. dollar were converted from pesos using an exchange rate of Ps. 18.2610 per U.S. dollar, as published by the U.S. Federal Reserve Board (noon buying rate) on June 30, 2025.- For consolidating the Jamaican airports, an average exchange rate of Ps. 19.5453 per U.S. dollar was used, corresponding to the three-month period ended June 30, 2025.Revenues (2Q25 vs. 2Q24)Aeronautical services revenues increased by Ps. 1,202.2 million, or 26.4%.Non-aeronautical services revenues increased by Ps. 719.9 million, or 41.8%.Revenues from improvements to concession assets increased by Ps. 1,700.8 million, or 174.4%.Total revenues increased by Ps. 3,623.0 million, or 49.9%.The change in aeronautical services revenues was primarily due to the following factors:Revenues from Mexican airports increased by Ps. 1,067.3 million, or 27.6%, compared to 2Q24, mainly due to a Ps. 951.6 million or 22.5% increase in the passenger fee revenue, driven by the higher airport maximum tariffs approved for the new 2025–2029 regulatory period, effective as of March 2025, and by a 4.5% increase in passenger traffic during the quarter.Revenues from Jamaican airports increased by Ps. 134.9 million, or 19.3%, compared to 2Q24, mainly due to the depreciation of the Mexican peso against the U.S. dollar, which moved from an average exchange rate of Ps. 17.2106 in 2Q24 to Ps. 19.5453 in 2Q25, resulting in higher revenues in pesos. Additionally, there was a 0.8% increase in passenger traffic during the quarter.The change in non-aeronautical services revenues was primarily driven by the following factors:Revenues from Mexican airports increased by Ps. 676.2 million, or 45.9%, compared to 2Q24. Revenues from businesses operated directly by us increased by Ps. 582.8 million, or 116.7%, mainly due to the consolidation of revenues from the cargo and bonded warehouse business, which contributed Ps. 477.1 million. Revenues from businesses operated by third parties increased by Ps. 85.5 million, or 9.2%, primarily driven by the opening of new commercial spaces and the renegotiation of commercial contracts. The fastest-growing business lines were food and beverage, retail stores, duty-free, timeshares, and ground transportation, which together increased by Ps. 90.4 million, or 15.3%.Revenues from Jamaican airports increased by Ps. 43.7 million, or 17.4%, compared to 2Q24. In U.S. dollar terms, revenues rose by USD $0.6 million, or 8.2%, further benefiting from a 13.6% depreciation of the Mexican peso against the U.S. dollar compared to 2Q24. 2Q242Q25ChangeBusinesses operated by third parties: Food and beverage290,715342,67917.9%Duty-free183,384208,16013.5%Car rental204,578211,1283.2%Retail159,927191,43119.7%Leasing of space120,804112,962(6.5%)Other commercial revenues61,50159,010(4.1%)Timeshares55,36767,81822.5%Ground transportation46,67651,1969.7%Communications and financial services27,55928,8374.6%Total1,150,5111,273,22110.7% Businesses operated directly by us: Cargo operation and bonded warehouse31,218514,1131546.8%Car parking169,356177,8725.0%Convenience stores135,464161,58819.3%VIP Lounges120,862168,32139.3%Hotel operation18,25136,882102.1%Advertising42,40043,3662.3%Total517,5511,102,141113.0%Recovery of costs54,67467,29723.1%Total Non-aeronautical Revenues 1,722,7352,442,65941.8% Figures expressed in thousands of Mexican pesos.‐ Revenues from improvements to concession assets 1Revenues from improvements to concession assets (IFRIC-12) increased by Ps. 1,700.8 million, or 174.4%, compared to 2Q24. The change was composed of:Improvements to concession assets at the Company's Mexican airports, which increased by Ps. 1,703.1 million, or 191.1%, following investments under the Master Development Program for the 2025-2029 period.Improvements to concession assets at the Company's Jamaican airports, which decreased Ps. 2.3 million, or 2.7%. 1 Revenues from improvements to concession assets are recognized in accordance with International Financial Reporting Interpretation Committee 12 "Service Concession Arrangements" (IFRIC 12). However, this recognition does not have a cash impact or impact on the Company's operating results. Amounts included as a result of the recognition of IFRIC 12 are related to construction of infrastructure in each quarter to which the Company has committed. This is in accordance with the Company's Master Development Programs in Mexico and Capital Development Programs in Jamaica. All margins and ratios calculated using "Total Revenues" include revenues from improvements to concession assets (IFRIC 12), and, consequently, such margins and ratios may not be comparable to other ratios and margins, such as EBITDA margin, operating margin or other similar ratios that are calculated based on those results of the Company that do have a cash impact.Total operating costs increased by Ps. 2,555.4 million, or 68.2%, compared to 2Q24, primarily due to a Ps. 1,700.8 million increase in the cost of improvements to concession assets (IFRIC-12), a Ps. 308.5 million, or 25.4%, increase in the cost of services, driven mainly by the consolidation of the cargo and bonded warehouse business, which contributed Ps. 160.1 million; an increase of Ps. 309.8 million, or 35.2%, in concession fees and technical assistance fees; and higher depreciation and amortization, up Ps. 237.6 million, or 34.6%, due to the recognition of fair values related to the cargo and bonded warehouse business. Excluding the cost of improvements to concession assets (IFRIC-12), operating costs increased by Ps. 854.6 million, or 30.8%.This increase in total operating costs was primarily due to the following factors: Mexican airports: Operating costs increased by Ps. 2,467.5 million, or 83.7%, compared to 2Q24, mainly due to a Ps. 1,703.1 million or 191.1% increase in cost of improvements to the concession assets (IFRIC-12), a Ps. 274.6 million or 27.1% increase in the cost of services, a Ps. 210.2 million, or 37.0% increase in depreciation and amortization, and a Ps. 280.2 million or 57.6% combined increase in technical assistance fees and concession fees. Excluding construction costs (IFRIC 12), operating expenses increased by Ps. 764.4 million, or 37.2%.The change in the cost of services at our Mexican airports during 2Q25 was mainly due to:Employee costs increased by Ps. 134.2 million, or 30.8%, mainly due to the consolidation of the cargo and bonded warehouse business, which contributed Ps. 86.5 million.Maintenance rose by Ps. 77.1 million, or 54.5%, due to the opening of new operational areas, airfield maintenance, the operation of jet bridges by Ps. 44.4 million, and the consolidation of the cargo and bonded warehouse business, which contributed Ps. 8.4 million.Other operating expenses increased by Ps. 29.3 million, or 15.3%, primarily due to higher consulting services and travel expenses of Ps. 11.7 million, and the consolidation of the cargo and bonded warehouse business of Ps. 12.4 million.Safety, security and insurance rose by Ps. 17.7 million, or 11.7%, driven by an increase in security personnel, minimum wage adjustments, changes in the Federal Labor Law, the opening of additional operational areas, and Ps. 4.8 million from the consolidation of the cargo and bonded warehouse business.Jamaican Airports:Operating costs increased by Ps. 87.9 million, or 11.0%, compared to 2Q24, mainly due to a Ps. 33.9 million, or 16.9%, increase in the cost of services, a Ps. 29.7 million, or 7.5%, an increase in concession fees, and a Ps. 27.3 million, or 22.9%, increase in depreciation and amortization, partially offset by a Ps. 2.3 million, or 2.7%, decrease in the cost of improvements to concession assets (IFRIC-12).Operating income margin went from 48.4% in 2Q24 to 42.1% in 2Q25. Excluding the effects of IFRIC-12, the operating income margin went from 55.9% in 2Q24 to 55.8% in 2Q25. Income from operations increased by Ps. 1,067.6 million, or 30.4%, compared to 2Q24.EBITDA margin went from 57.8% in 2Q24 to 50.6% in 2Q25. Excluding the effects of IFRIC-12, EBITDA margin went from 66.8% in 2Q24 to 67.1% in 2Q25. The nominal value of EBITDA increased by Ps. 1,305.2 million, or 31.1%, compared to 2Q24. Financial results increased in expense by Ps. 70.4 million, or 10.6%, from a net expense of Ps. 663.1 million in 2Q24 to Ps. 733.5 million in 2Q25. This change was mainly the result of:Foreign exchange fluctuations, which went from an income of Ps. 80.9 million in 2Q24 to an expense of Ps. 40.3 million in 2Q25, resulting in a foreign exchange loss of Ps. 121.2 million due to the depreciation of the Mexican peso. Additionally, the foreign currency translation effect contributed to a Ps. 1,082.6 million increase in expense compared to 2Q24.Interest expense decreased by Ps. 119.9 million, or 11.6%, compared to 2Q24, mainly due to a decrease in reference rates.Interest income decreased by Ps. 69.3 million, or 24.9%, compared to 2Q24, mainly due to a decrease in the cash and cash equivalents average balance and changes in the reference rates.In 2Q25, net and comprehensive income decreased by Ps. 658.9 million, or 22.8%, compared to 2Q24, mainly due to a Ps. 1,082.6 million increase in foreign currency translation losses versus the same period last year. Income before taxes increased by Ps. 997.2 million, or 35.0%.During 2Q25, net income increased by Ps. 402.4 million, or 17.9%, compared to 2Q24. Income tax for the period increased by Ps. 594.8 million, composed of a Ps. 451.5 million increase in current income tax, and a Ps. 143.3 million decrease in deferred tax benefit, primarily due to lower tax loss carryforwards of Ps. 177.3 million, compared to 2024. This was partially offset by a higher inflation effect, as inflation rose from 0.4% in 2Q24 to 0.9% in 2Q25.Consolidated Results for the Six Months of 2025 (in thousands of pesos): 6M246M25ChangeRevenues Aeronautical services9,523,062 11,762,321 23.5%Non-aeronautical services3,417,140 4,836,535 41.5%Improvements to concession assets (IFRIC-12)2,813,789 5,338,324 89.7%Total revenues15,753,991 21,937,180 39.2% Operating costs Costs of services:2,285,769 3,007,237 31.6%Employee costs949,877 1,252,084 31.8%Maintenance342,282 513,733 50.1%Safety, security & insurance382,022 447,723 17.2%Utilities236,008 273,963 16.1%Business operated directly by us146,160 173,968 19.0%Other operating expenses229,420 345,766 50.7% Technical assistance fees426,536 505,580 18.5%Concession taxes1,393,211 1,990,083 42.8%Depreciation and amortization1,350,300 1,857,534 37.6%Cost of improvements to concession assets (IFRIC-12)2,813,789 5,338,324 89.7%Other (income)(12,392)(36,145)191.7%Total operating costs8,257,212 12,662,613 53.4%Income from operations7,496,778 9,274,567 23.7%Financial Result(1,256,892)(1,663,035)32.3%Income before income taxes 6,239,887 7,611,532 22.0%Income taxes(1,516,453)(2,098,280)38.4%Net income 4,723,434 5,513,253 16.7%Currency translation effectFull story available on Benzinga.com
NEW YORK, July 22, 2025 /PRNewswire/ -- Expert Consumers has recognized QuickBooks as a leading AI bookkeeping solution in its latest 2025 software review. The report highlights QuickBooks for its integration of artificial intelligence and machine learning technologies that simplify core...
Manhattan Associates, Inc. (NASDAQ:MANH) Q2 2025 Earnings Call July 22, 2025 4:30 PM ETCompany ParticipantsDennis B.
Japan’s benchmark Nikkei 225 rose sharply on Wednesday, after President Donald Trump finalized the long-anticipated trade deal between Washington and Tokyo.As part of the $550 billion deal, Japan will open its markets to American cars, trucks, rice and other agricultural products, while agreeing to a 15% tariff on American imports from the nation. See Also: Chrysler, Jeep Parent Company Stellantis Expects $2.7 Billion Net Loss In First Half Of 2025 As Trump Tariffs Cause UncertaintyBoth the Nikkei and Topix indices are up 3.10% and 2.71%, trading at 41,006.00 and 2,912.98, respectively, led by auto stocks. Mazda Motor Corp. (OTC:MZDAY) leads the way, up 17%, followed by ...Full story available on Benzinga.com
NEW YORK and NEW ORLEANS, July 22, 2025 (GLOBE NEWSWIRE) -- Kahn Swick & Foti, LLC ("KSF") and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until September 16, 2025 to file lead plaintiff applications in a securities class action lawsuit against Neogen Corporation (NASDAQ:NEOG), if they purchased the Company's shares between January 5, 2023 through June 3, 2025, inclusive (the "Class Period"). This action is pending in the United States District Court for the Western District of Michigan.What You May DoIf you purchased shares of Neogen and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email ([email protected]), or visit https://www.ksfcounsel.com/cases/nasdaqgs-neog/ ...Full story available on Benzinga.com
Rescuing The Declaration From Left- And Right-Wing Polemics Authored by Peter Berkowitz via RealClearPolitics,Progressive left and postliberal right intellectuals converge in teaching scorn for America’s founding principles. Attacking from different angles, both camps employ grossly flawed arguments to justify the repudiation of the U.S. Declaration of Independence’s ringing affirmation 249 years ago of the unalienable rights that human beings share.Captive to the taste for the gaudy and the melodramatic nurtured by American higher education, both camps want to revalue traditional values, change the world rather than understand it, and replace history’s complexities with simplistic grand narratives of good and evil. At the same time, their wild exaggerations, contrived charges, and enthusiastic followings provide an occasion to restate America’s founding principles, recognize their pertinence to the enduring challenges of free and democratic self-government, and rebuild civic education around them.The 1619 Project prominently set forth a version of the progressive left’s signature opinion that systemic racism disfigures America. Published in the summer of 2019 as a special issue of The New York Times Magazine, the collection of essays undertook to correct the record about America’s founding.Led by Nikole Hannah-Jones, who won a Pulitzer Prize for her contribution, 1619 Project essayists argued that the United States was not truly founded in July 1776 when the Declaration of Independence proclaimed, “these United Colonies are, and of Right ought to be Free and Independent States.” Rather, America came into being in 1619 when 20 enslaved Africans arrived in the fledgling British territory of Virginia.Abolished in 1865 by the 13th Amendment, the evil institution of slavery was always a grotesque affront to the equality in unalienable rights affirmed by the Declaration. Nevertheless, according to the 1619 Project, slavery forms the deepest substratum of American existence, has touched every aspect of the United States, and remains the defining fact of the nation’s life. In the 1619 Project’s telling, the Declaration of Independence’s self-evident truths about individual rights and the consent of the governed were always so much window-dressing designed to distract from and thereby perpetuate slavery. Yet it seems lost on 1619 Project producers, distributors, and consumers that despite the resentments and distrust that currently wrack the nation, the United States remains by most any objective measure the freest, most tolerant, and most prosperous multi-religious, multi-racial, and multi-ethnic great power in history.Approaching matters from the opposite side of the political spectrum but with similar vehemence, “Why Liberalism Failed,” a 2017 volume by University of Notre Dame political science professor Patrick Deneen, elaborates the postliberal right’s characteristic view that freedom in America has produced a systemically corrupt and decadent society. The chief villain, according to Deneen, is John Locke. But to convict Locke of subverting Western civilization in general and America in particular, Deneen reduces the 17th-century British thinker, and indeed the entirety of the modern tradition of freedom, to a tendentious reading of a few lines from the opening pages of his 1689 classic, “The Second Treatise of Government.”Locke’s great sin, in Deneen’s account, involves giving authoritative expression to the proposition – central to the Declaration and a cornerstone of American constitutional government – that human beings are by nature free and equal. The proper political expression of this equality in freedom, maintains Locke, consists in liberty under settled laws enacted, enforced, and adjudicated within a constitutional order to which one has consented.Deneen, however, attributes a dark secret teaching to Locke, according to which Lockean freedom entails emancipation from the imperatives of virtue, duty, and nature’s and God’s law. For Deneen, Lockean freedom, and therefore American freedom from the beginning and in its essence, gives rise to an incoherent and inhuman demand for the chimera of absolute freedom. Deneen does not allow his polemic to be sidetracked by such core components of Locke’s thinking as his insistence on the duty to honor God’s authority, his distinction between liberty and license, and his 1693 book, “Some Thoughts Concerning Education,” which deals with the virtues and how parents should foster them.In America’s universities, many students will encounter the progressive left’s and postliberal right’s vilification of America’s founding principles instead of receiving a proper introduction to the case for the Declaration and the Constitution. For such students and indeed for citizens whose instincts, sentiments, and experience tell them that America’s founding principles sustain the nation, Vincent Phillip Muñoz provides an excellent tonic in “The American Revolutions of 1776,” which appears in the summer issue of National Affairs.A professor of political science at the University of Notre Dame (like Deneen), Muñoz tactfully understates matters in observing that “As America’s 250th anniversary approaches, not everyone is eager to celebrate the Declaration of Independence and the political revolution it sparked.” His essay, a version of which will appear in the American Enterprise Institute’s forthcoming volume “Religion and the American Revolution” – part of AEI’s “America at 250” initiative (I contributed to an earlier volume in the series) – briskly lays out three revolutionary achievements of 1776. These achievements deserve our gratitude, warrant celebration, and suffer suppression by or exclusion from university curricula. All three champion unalienable or natural rights and the limited government that secures them.The first revolution of 1776 affirmed that just government is grounded in the consent of the governed. Without questioning God’s authority, the American view broke with the then-prevalent notion that legitimate political authority derives from divine right. And without challenging the classical premise that citizens should govern and be governed in accordance with human nature, America’s founders rejected the classical idea that wisdom or moral virtue provides decisive title to rule.America’s founders held that while human beings are not equal in all respects and not free in all ways, we are born equal in rights and therefore neither masters over nor subordinate to others. Each has equal right to govern himself or herself, but no one has the right to govern another. One crucial exercise of the right to govern oneself consists in consenting to the exercise of political authority. In practice, that means that each has an obligation to obey only those laws – the disagreeable as well as the agreeable – that issue from established constitutional processes to which he or she has consented. Consent can be given expressly, as in the formal ceremonies by which immigrants officially acquire citizenship, or tacitly, as in the manner of the native-born who acquire the obligation to obey the laws through living under them and enjoying their benefits.The second revolution of 1776 taught that government’s primary purpose is to secure natural or unalienable rights. America’s founders parted ways with the traditional view that government’s purpose was to perfect or save souls, but the parting was not driven by indifference or hostility to higher concerns. Rather, the founders proceeded from the conviction that care of the soul was the proper responsibility of individuals, families, and religious institutions.Securing rights did not preclude government from assuming additional responsibilities, provided that they were consistent with the equal rights of all, to advance the common good. “Unlike influential progressive thinkers such as Herbert Croly and political leaders such as Franklin Roosevelt, the founders did not hold that a fundamental purpose of government is to provide directly for the people’s material needs or to ameliorate all unfortunate circumstances,” Muñoz writes. “They instead understood the role of government as securing the conditions, including the economic conditions, that would allow Americans to be responsible – to employ their natural rights to provide for themselves, their families, and those under their care.”The third revolution of 1776 maintained that religious liberty, the right of individuals to worship in accordance with conscience, was an essential right. Far from expressing or implying antipathy to religion, limiting government’s authority over religious belief and practice stemmed from a determination to protect faith. Prohibiting government from establishing religion or impairing its free exercise reflected the belief that true religion could not be dictated by civil law because it was grounded in conscience and choice. Another reason to restrict political control over religion was the distinct tendency of government officials to lack competence in interpreting scripture and managing religious teaching and observance.From the founders’ perspective, moreover, the spirit of liberty and the spirit of religion were not political antagonists but rather political allies. In their view, since human beings are by nature free and equal and endowed with reason, only faith practiced in accordance with conscience could be pleasing to God. And because the numerous Christian denominations at the founding affirmed that every human being is precious in God’s eyes and that power must be divided between church and state, religion in America bolstered the nation’s natural rights principles.These three revolutionary achievements of 1776 – grounding just government in citizens’ consent, focusing government on securing rights, and protecting religious liberty out of respect for faith – deserve to be widely heralded in next year’s celebrations of the Declaration of Independence’s 250th anniversary. And study of their origins, integration into American constitutional government, and implications for today’s challenges should promptly be placed at the center of civic education in America.Peter Berkowitz is the Tad and Dianne Taube senior fellow at the Hoover Institution, Stanford University. From 2019 to 2021, he served as director of the Policy Planning Staff at the U.S. State Department. His writings are posted at PeterBerkowitz.com and he can be followed on X @BerkowitzPeter. Tyler DurdenTue, 07/22/2025 - 22:35
The small nation-state of Singapore again tops Henley Passport Index, followed by Japan and South Korea which are tied for second place.
Thousands of Ukrainians have protested in Kyiv and other cities, urging President Zelenskyy to veto a controversial anti-corruption bill
This is CNBC’s live blog covering European markets.Iberdrola profit slumped in first halfBloomberg | Bloomberg | Getty ImagesThe Equinor ASA offshore oil drilling platform on the Johan Sverdrup oil field in the North Sea off the coast of Norway, on Feb. 13, 2023.More earnings reports are coming in this morning, on what’s set to be a busy day for corporate financial updates.Iberdrola posted a 14% year-on-year decline in first-half net profit to 3.6 billion euros ($4.2 billion).The Spanish electricity utilities giant also launched a 5-billion-euro increase in share capital, saying the move would cover its upcoming investment plan.Equinor‘s adjusted earnings, meanwhile, fell 13% in the second quarter, in line with expectations, as declining oil prices hit the Norwegian energy group.The company also booked a $955 million impairment on a key offshore wind project in the U.S., in light of regulatory changes and tariffs.— Matt Ward-PerkinsStrong defense demand boosts Thales profitNathan Laine | Bloomberg | Getty ImagesAdvertising for Thales SA military products at the Eurosatory Defense and Security expo in Paris, France, on June 18, 2024.French defense contractor Thales raised its full-year sales guidance on Wednesday as it reported stronger-than-expected profit.The company’s adjusted operating profit came in at 1.25 billion euros ($1.47 billion) for the first half of the year, marking a 13% jump from the first six months of 2024.Analysts had been anticipating the figure to hit 1.23 billion euros, according to LSEG data.First-half sales saw year-on-year growth of 8.1% to reach 10.3 billion euros, which Thales attributed largely to “a solid performance” in its aerospace and defense divisions.However, Thales also said on Wednesday that it was still anticipating “a contained direct impact of tariffs” that could be imposed on EU goods by the Trump administration.The company’s guidance, it said, was based on the assumption that 10% reciprocal tariffs would be levied on the EU, with its forecasts excluding any possible retaliatory measures that might be taken by European leaders.— Chloe TaylorUniCredit lifts profit guidance, leaving Banco BPM bid behindEmanuele Cremaschi | Getty Images News | Getty ImagesThe logo of the Italian banking group UniCredit SpA is pictured on July 15, 2025 in Milan, Italy.UniCredit on Wednesday posted a sharp second-quarter profit hike and lifted its full-year guidance, a day after withdrawing its takeover bid for Italian peer Banco BPM amid opposition from Rome.Italy’s second-largest bank reported a 25% year-on-year hike in net profit to 3.3 billion euros ($3.87 billion) in the second quarter when including one-off items, and 2.9 billion euros without them.Read the full story here. — Ruxandra IordacheHere are the opening callsAlexander Spatari | Moment | Getty ImagesThe City of London financial district at sunrise.Good morning from London, and welcome to CNBC’s live blog covering all the action and business news in European financial markets on Wednesday.Futures data from IG suggest a positive open for European indexes, with London’s FTSE 100 seen opening 0.6% higher, France’s CAC 40 up 1.2%, Germany’s DAX up 1%, and Italy’s FTSE MIB 1.2% higher.European stocks declined again Tuesday as investors digested earnings from some of the largest companies on the continent, and weighed the prospect of U.S. trade tariffs that will kick in on Aug. 1 unless a trade deal is reached.Overnight, Asia-Pacific markets traded higher after U.S. President Donald Trump announced that he had completed a “massive Deal” with Japan, with a baseline tariff of 15% set on the country’s exports to the United States. S&P 500 futures were little changed Tuesday evening after the announcement.— Holly EllyattWhat to keep an eye on WednesdayBloomberg | Getty ImagesThe UniCredit SpA headquarters in Milan, Italy, on Jan. 22, 2022.Earnings season is ramping up in Europe, with the latest financial reports coming from Equinor, Randstad, Thales, Lonza, Iberdrola, UniCredit, JD Weatherspoon and Moncler.European data releases include flash consumer confidence figures.— Holly Ellyatt
Shares of Europe’s auto giants rose on Wednesday morning. Citi economist Katsuhiko Aiba said the U.S.-Japan trade deal could influence the course of talks with other major auto exporters, namely the EU and South Korea.Picture Alliance | Picture Alliance | Getty ImagesVehicles are assembled on a line at the BMW plant in Leipzig.Shares of Europe’s top carmakers rose on Wednesday after the U.S. and Japan’s blockbuster trade agreement raised hopes of a tariff breakthrough for other major exporters.In a post on social media platform Truth Social, Trump described the “massive” trade agreement as “perhaps the largest Deal ever made.”The deal is expected to mean U.S. tariffs on imported Japanese vehicles and parts will fall to 15%, a significant drop from the existing 25% rate that is levied across countries.Japanese Prime Minister Shigeru Ishiba welcomed the trade agreement, saying it marks “the lowest figure among countries that have a trade surplus with the U.S.,” according to Reuters.Germany’s Volkswagen, BMW and Mercedes-Benz Group were all up more than 4% on the news, shortly after European markets opened. Luxury automaker Porsche soared 7.1%.French car parts manufacturer Valeo rose 4%, with Jeep maker Stellantis up around 5.4%.In a speech that followed his Truth Social post, Trump said the U.S. and Japan were concluding an additional deal involving liquified natural gas, adding that “we have Europe coming in tomorrow,” without specifying details.The automotive sector is widely regarded as acutely vulnerable to tariffs, particularly given the high globalization of supply chains and the heavy reliance on manufacturing operations across North America.In Japan, auto exports to the U.S. are pivotal to the health of the world’s fourth-largest economy, accounting for 28.3% of all shipments in 2024, according to customs data.Read moreThese charts show just how hard Trump’s tariffs are hitting Europe’s auto giantsChinese car brands are rapidly making inroads in Europe’s EV utopiaThe race to roll out solid-state batteries is picking up steam againCiti economist Katsuhiko Aiba said Washington and Tokyo’s deal to lower reciprocal and auto tariffs to 15% could influence the course of talks with other major auto exporters.“It is notable that auto tariffs were reduced without any cap on auto exports for a major auto exporting country, which may have implications for negotiations with the EU and South Korea,” Aiba said in a research note.The European Union has long been scrambling to reach a deal with the U.S. to lower auto tariffs.Trump, however, recently sought to ramp up pressure on the 27-naiton bloc by threatening to raise levies on EU imports to the U.S. to 30% from Aug. 1, if no agreement is reached before that time.— CNBC’s Lim Hui Jie contributed to this report.
Trump announces trade deal with Japan that lowers threatened tariff to 15%
Tokyo stocks rallied with the yen Wednesday after Japan and the United States finally hammered out a trade deal to slash Donald Trump’s tariffs, including those on the crucial car sector. Investors were also cheered by news that Washington had reached agreements with Indonesia and the Philippines, stoking optimism that other countries will achieve deals [...]The post Tokyo’s Nikkei leads Asian rally after Japan-US trade deal appeared first on Digital Journal.
Brazilian miner Vale produced 83.6-million metric tons of iron-ore in the second quarter, up 3.7% from a year earlier, the company reported on Tuesday.In its output and sales report, Vale said the increase was mainly driven by a new second-quarter record at the S11D mining project in northern Brazil, its top iron-ore producer, and "strong performance" at its southeastern Brucutu mine.
Venus Williams won her first singles match in nearly two years at the DC Open, becoming the oldest woman to win a WTA tour match since Martina Navratilova in 2004.
The following slide deck was published by Capital One Financial Corporation in conjunction with their 2025 Q2 earnings call.
Paul Donovan from UBS Global Wealth Management says Jerome Powell might stay on as a Fed governor after his Chair term ends next year.
Awardees include 3 nonprofits in Colorado, Georgia, and PennsylvaniaCLEVELAND, July 22, 2025 /PRNewswire/ -- The Union Home Foundation, the charitable arm of Union Home Mortgage whose mission is to equip families with the tools and resources needed to achieve economic self-sufficiency, has announced its grant recipients for the second quarter of 2025. The Foundation awarded grants to 3 nonprofits from across the country, totaling $9,500 for the quarter. In this round of funding, the Foundation provided support to organizations within its operational footprint that are making a tangible impact in their communities through the advancement of financial literacy and housing access."As we celebrate a decade of impact through the Union Home Foundation, we remain committed to empowering families and strengthening communities," said Bill Cosgrove, CEO of Union Home Mortgage. "We're proud to support these outstanding organizations and look forward to deepening our partnerships in 2025 and beyond.""This quarter's grantees are doing incredible work to expand access to housing and financial education," said Ashley Ali, Director of Corporate Communications. "Their missions align closely with ours, and we're honored to play a role in helping them create lasting change in the communities we serve."Since being established in 2015, the Foundation has distributed more than $2 million in ...Full story available on Benzinga.com
US Treasury Secretary Scott Bessent said Tuesday that he did not see a reason for Federal Reserve Chair Jerome Powell to resign immediately, a day after calling for a sweeping review of the Fed. Bessent’s comments in a Fox Business interview come as Powell faces growing pressure from Donald Trump’s administration to slash interest rates, [...]The post US Treasury chief says no reason for Fed chair to step down appeared first on Digital Journal.
Kathleen S. Wright Associates Inc. lowered its holdings in VanEck Morningstar International Moat ETF (BATS:MOTI – Free Report) by 8.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,770 shares of the company’s stock after selling 3,001 shares during the period. [...]
Kathleen S. Wright Associates Inc. reduced its position in JPMorgan Ultra-Short Municipal ETF (BATS:JMST – Free Report) by 3.2% in the 1st quarter, Holdings Channel reports. The institutional investor owned 41,422 shares of the company’s stock after selling 1,380 shares during the period. JPMorgan Ultra-Short Municipal ETF accounts for 0.8% of Kathleen S. Wright Associates [...]
Guidance Capital Inc. boosted its stake in shares of Vanguard Total International Bond ETF (NASDAQ:BNDX – Free Report) by 6.1% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,885 shares of the company’s stock after buying an additional 680 shares during the quarter. Guidance [...]
Guidance Capital Inc. grew its position in shares of TEGNA Inc. (NYSE:TGNA – Free Report) by 15.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 30,243 shares of the company’s stock after purchasing an additional 4,115 shares during the quarter. Guidance Capital Inc.’s holdings [...]
Flynn Zito Capital Management LLC raised its position in shares of JPMorgan Nasdaq Equity Premium Income ETF (NASDAQ:JEPQ – Free Report) by 19.3% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 49,335 shares of the company’s stock after acquiring an additional 7,977 [...]
Kathleen S. Wright Associates Inc. reduced its stake in Vanguard S&P Small-Cap 600 ETF (NYSEARCA:VIOO – Free Report) by 0.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,999 shares of the company’s stock after selling 164 shares during the period. Kathleen S. [...]
Kathleen S. Wright Associates Inc. raised its position in shares of Dimensional U.S. Equity ETF (NYSEARCA:DFUS – Free Report) by 3.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 50,061 shares of the company’s stock after purchasing an additional 1,516 [...]
Kathleen S. Wright Associates Inc. decreased its position in Johnson & Johnson (NYSE:JNJ – Free Report) by 21.1% in the 1st quarter, HoldingsChannel.com reports. The fund owned 7,273 shares of the company’s stock after selling 1,944 shares during the quarter. Kathleen S. Wright Associates Inc.’s holdings in Johnson & Johnson were worth $1,152,000 as of [...]
Kathleen S. Wright Associates Inc. lowered its stake in shares of Schwab Intermediate-Term U.S. Treasury ETF (NYSEARCA:SCHR – Free Report) by 0.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 103,050 shares of the company’s stock after selling [...]
Guidance Capital Inc. boosted its position in shares of Progyny, Inc. (NASDAQ:PGNY – Free Report) by 13.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 25,018 shares of the company’s stock after purchasing an additional 3,017 shares during the quarter. Guidance [...]
Seaport Res Ptn upgraded shares of Analog Devices (NASDAQ:ADI – Free Report) from a strong sell rating to a hold rating in a research report sent to investors on Monday morning,Zacks.com reports. A number of other equities research analysts also recently commented on the company. Piper Sandler dropped their price objective on Analog Devices from [...]
Kathleen S. Wright Associates Inc. trimmed its position in shares of Vanguard Small-Cap Value ETF (NYSEARCA:VBR – Free Report) by 4.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 21,518 shares of the company’s stock after selling 964 shares during the quarter. Vanguard Small-Cap [...]
Kathleen S. Wright Associates Inc. trimmed its stake in shares of Johnson & Johnson (NYSE:JNJ – Free Report) by 21.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,273 shares of the company’s stock after selling 1,944 shares during [...]
Oakwell Private Wealth Management LLC increased its holdings in shares of Vanguard Short-Term Corporate Bond ETF (NASDAQ:VCSH – Free Report) by 5.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 99,472 shares of the company’s stock after buying an additional [...]
Kathleen S. Wright Associates Inc. cut its holdings in Vanguard FTSE All-World ex-US Small-Cap ETF (NYSEARCA:VSS – Free Report) by 4.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,125 shares of the company’s stock after selling 718 [...]
Gladstone Land Corporation (NASDAQ:LAND – Get Free Report) announced a dividend on Monday, July 21st, investing.com reports. Stockholders of record on Tuesday, July 22nd will be given a dividend of 0.0467 per share by the real estate investment trust on Thursday, July 31st. This represents a dividend yield of 5.44%. The ex-dividend date is Monday, [...]
Postal Realty Trust, Inc. (NYSE:PSTL – Get Free Report) declared a quarterly dividend on Monday, July 21st, RTT News reports. Investors of record on Thursday, July 31st will be paid a dividend of 0.2425 per share on Friday, August 29th. This represents a $0.97 annualized dividend and a dividend yield of 6.56%. Postal Realty Trust [...]
B. Riley upgraded shares of SiriusPoint (NYSE:SPNT – Free Report) to a strong-buy rating in a research note released on Sunday morning,Zacks.com reports. A number of other equities research analysts also recently issued reports on the stock. Oppenheimer set a $25.00 price target on shares of SiriusPoint and gave the company an “outperform” rating in [...]
Mayor Mike Johnston urged Denverites to embrace a "learned hopefulness" as an antidote to the challenges Colorado's largest city faces, including housing affordability and downtown vacancies.
Tom Brown has been named the new dean of the College of Business and Technology at Bethel University in Arden Hills. Brown’s appointment marks a step in Bethel’s academic reorganization, as the university launches a new, unified school of business. The school will bring together Bethel’s business and communications studies programs under one roof, designed
Ark Invest, led by Cathie Wood, made significant trades on Monday. Notably, the firm increased its stake in Bitmine Immersion Technologies Inc. (NYSE:BMNR) and Advanced Micro Devices Inc. (NASDAQ:AMD) while reducing its holdings in Coinbase Global Inc. (NASDAQ:COIN) and Block Inc. (NYSE:XYZ). These trades reflect Ark’s strategic adjustments amid evolving market conditions.The Bitmine Immersion Trade: Ark Invest made a substantial investment in Bitmine Immersion through Ark Fintech Innovation ETF (BATS:ARKF), ARK Innovation ETF (BATS:ARKK), and ARK Next Generation Internet ETF (BATS:ARKW). This move comes after Bitmine’s Ethereum (CRYPTO: ETH) holdings surpassed $1 billion recently, following a $250 million private placement. Ark’s acquisition of over 4.4 million shares highlights its confidence in Bitmine’s strategic pivot to an Ethereum treasury strategy. The total value of this purchase amounts to approximately $174.9 million, based on the latest closing price of $39.57. In the last 30 days, ...Full story available on Benzinga.com
Visa's recent earnings beat, robust guidance, and continued EPS growth outlook support its premium valuation. Read why I reiterate my buy rating on V stock.
FDA Approved Moderna COVID Shot For Kids Behind Kennedy's Back - Two HHS Aides Fired Authored by Jon Fleetwood via JonFleetwood.com,The U.S. Food and Drug Administration (FDA) quietly granted full approval to Moderna’s mRNA COVID-19 injection for children while Health and Human Services (HHS) Secretary Robert F. Kennedy Jr. was on vacation - and without his knowledge or consent.As head of the department overseeing the FDA, Kennedy should have been directly informed of any decision involving pediatric mRNA shots—especially one as politically and medically sensitive as full approval for children as young as six months.On July 10, Moderna, Inc. announced the FDA approved the supplemental Biologics License Application (sBLA) for Spikevax®, the Company’s COVID shot, in “children 6 months through 11 years of age who are at increased risk for COVID-19 disease.”The approval was made despite Moderna’s own scientists’ admission that there are “unacceptable toxicity” levels in mRNA vaccines, and that “lipid nanoparticle structural components, production methods, route of administration and proteins produced from complexed mRNAs all present toxicity concerns.”It was also made without Secretary Kennedy’s knowledge.According to multiple sources, neither Kennedy nor his Deputy Chief of Staff Stefanie Spears were briefed or consulted ahead of the decision, raising alarm over internal operations at one of the nation’s most powerful health agencies.Only July 16, White House correspondent and media host Emerald Robinson reported on Twitter/X that FDA Commissioner Dr. Marty Makary “did not inform @RobertKennedyJr (who was on vacation) or his office that FDA was going to approve the mRNA shots for children,” citing sources familiar with the matter.On July 17, CNN reported that Secretary Kennedy had fired two of his top aides “in an abrupt shakeup of the leadership at the nation’s sprawling health department,” also citing unnamed sources.“Kennedy’s chief of staff, Heather Flick Melanson, and deputy chief of staff for policy Hannah Anderson left HHS after only a handful of months on the job, following internal clashes that culminated in both of their removals this week,” the report explained.The CNN article didn’t connect the firings to the FDA’s decision to approve Moderna’s jab for kids.However, the MAHA PAC (Make America Healthy Again Political Action Committee)—a pro-Trump super PAC founded by RFK Jr.’s former staff to promote his health-focused agenda—corroborated Robinson’s account and connected the firings to the FDA’s Moderna decision.On July 20, MAHA PAC cited Dr. Robert Malone—now serving on the newly restructured ACIP vaccine panel—as confirming that neither Kennedy nor Spears were informed of the FDA’s decision regarding Moderna and that a major HHS leadership purge unfolded upon their return.“The unfortunate facts are that this decision... was made public when both the Secretary of HHS and his trusted deputy Chief of Staff Stefanie Spears were on vacation,” said Dr. Malone, citing insider knowledge. “Neither Sec. HHS nor his deputy Chief of Staff (dCOS) were briefed or read in on this decision.”The move apparently set off a chain reaction.According to Malone, shortly after Kennedy and Spears returned, “a major reorganization of HHS leadership occurred.”Anderson was “walked off the premises and was so upset that she crashed her car into the Secretary’s government-provided vehicle.”Melanson, a veteran of the Trump-era HHS, claimed she resigned voluntarily.CNN sources say otherwise, alleging she was fired after Kennedy lost confidence in her leadership following the dismissal of Anderson.A spokesperson for HHS said that Matt Buckham, the department’s White House liaison, will serve as acting Chief of Staff.The FDA’s end-run around Kennedy not only signals potential deeper insubordination within HHS, but also highlights a promising shift under his leadership—one where incompetence, secrecy, and disloyalty are no longer tolerated, and where restoring integrity, transparency, and public trust could be the new standard.Follow us on Instagram @realjonfleetwood & Twitter/X @JonMFleetwood. Tyler DurdenMon, 07/21/2025 - 22:35
Scott Bessent calls for a review of the Federal Reserve. The S&P 500 closed above 6,300 for the first time. Figma IPO could value it as much as $16.4 billion. Trump Media has built a roughly $2 billion bitcoin hoard. European defense bull run may cool off, fund manager says.With the job market currently being rough for many — in no small part because of artificial intelligence — it may be tempting to enroll in graduate school in the hopes of securing a better job eventually.Don’t do it. That is, if you have dreams of working at America’s central bank.U.S. Secretary of Treasury Scott Bessent on Monday questioned the Federal Reserve’s decision not to lower interest rates this year so far, given that the U.S. has “seen very little, if any, inflation.”“I think this idea of them not being able to break out of a certain mindset,” Bessent said, referring to Fed officials. “All these Ph.D.s over there, I don’t know what they do.”The headline number for June’s consumer price index was the highest since February.While navigating the job market has been a challenge regardless of qualifications, the stock market seems to be on a smooth path upward regardless of challenges.The S&P 500 broke the 6,300 closing level for the first time on Monday. That’s despite the Trump administration’s beef with the Fed and its use of heavy tariffs as a bargaining tool.Under those circumstances, an investor doesn’t need a Ph.D. to know that volatility in markets could lie ahead despite the positive sentiment today.What you need to know todayScott Bessent calls for a review of the Federal Reserve. In an interview with CNBC on Monday, the U.S. Treasury Secretary suggested that the government needs to examine the “entire” Fed. Bessent also said the Aug. 1 tariffs will help the U.S. reach “better agreements” with its trade partners.The S&P 500 closed above 6,300 for the first time. Boosted by advances in Meta and Amazon shares, the Nasdaq Composite notched a record closing high on Monday as well. Asia-Pacific markets traded mixed Tuesday.Figma IPO could value it as much as $16.4 billion. The design software company published on Monday an updated prospectus, which stated that Figma expects to sell about 37 million shares at $25 to $28 each. Trump Media has built a roughly $2 billion bitcoin hoard. Those holdings now account for about two-thirds of Trump Media’s total liquid assets, signaling U.S. President Donald Trump’s pivot to cryptocurrency as a source of wealth while in office. [PRO] European defense bull run may cool off. A fund manager who oversees assets worth close to $2 billion told CNBC that the valuations of the defense sector in Europe have hit “extreme” levels.And finally...Chesnot | Getty Images News | Getty ImagesA Wallbox EV charger for electric car is displayed during the “Mondial de l’Auto” at Parc des Expositions on October 15, 2024 in Paris, France.The race to roll out solid-state batteries is picking up steam againOften touted as the “holy grail” of sustainable driving, solid-state batteries are thought to offer significantly higher energy density than conventional lithium-ion ones. But they have long been stuck between theory and the promise of commercialization in the next five to 10 years.A recent flurry of announcements from major automakers and incumbent cell producers appears to have renewed optimism.— Sam Meredith
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Tesla’s retro-futuristic diner officially opens as Elon Musk hints at more locations TechCrunchView Full Coverage on Google News
Agilysys, Inc. (NASDAQ:AGYS) Q1 2026 Earnings Conference Call July 21, 2025 4:30 PM ETCompany ParticipantsJessica Hennessy - Senior Manager of Corporate...
A study of affluent Chinese by Oliver Wyman found 22% were negative about the economy. It just exceeds the 21% seen in October 2022. Young people recorded the greatest drop in sentiment in May this year from April 2024. But many affluent Chinese are more keen to travel overseas than they were just before the pandemic.BEIJING — China’s affluent are feeling just as poorly about the economy as they did during the pandemic.That’s according to a study of affluent Chinese released this month by consulting firm Oliver Wyman, which found 22% of respondents were negative about the economy when surveyed in May. It just exceeds the 21% seen in October 2022, just before Beijing announced plans to ease its stringent zero-Covid policy.When asked about the five-year horizon, respondents were far less upbeat than they were back in 2022.“That to us is a fundamental shift in mindset,” Imke Wouters, partner at Oliver Wyman, told CNBC. “If you think, ‘I’m not having a good financial situation now,’ your spending, saving patterns will be very different.”“The longer this [drags] on, the more negative they become about the long term future and the more cautious they come on spending,” Wouters said.These findings come as China recorded a slowdown in retail sales growth, and persistent deflationary pressure as businesses slash prices to compete. Sliding prices in property, which accounts for the majority of household wealth, have also weighed on sentiment.Oliver Wyman’s research was conducted from May 16 to 27. The firm has conducted similar surveys over the last three years. The latest study covered 2,000 households with a monthly income of over 30,000 yuan ($4,180).That’s a fraction of consumers in China, where the per capita disposable income in urban areas for all of last year was 54,188 yuan. That’s far less than the $64,474 reported for the U.S. as of December.Young people the most pessimisticYoung people (aged 18 to 28) in the affluent income bracket who live in China’s largest cities were the most pessimistic of the four age categories, recording the greatest drop in sentiment in May this year from April 2024, the survey showed.The unemployment rate for those aged 16 to 24 has remained in the mid-teens despite the overall jobless rate remaining far lower at around 5%.Survey respondents aged 29 to 44 were the most optimistic, especially when it comes to their five-year outlook.In China, most of the wealth sits with millennials and Gen X, Wouters said, referring to those broadly between the ages of 30 and 60. She attributed their relative optimism to higher levels of accumulated wealth and job stability, as well as the sense that the “good old days” might return — a perspective she suggested might come with age.China’s official consumer confidence index has remained depressed since hitting a record low of 85 in November 2022, when China restricted movement in an effort to prevent Covid-19 outbreaks. The latest print was 88 as of May, according to the latest available data from the National Bureau of Statistics, accessed via Wind Information.People in China have become significantly discouraged by perceived “unequal opportunity,” which in 2023 became the No. 1 reason respondents believe people are poor, jumping from No. 6 nearly two decades ago. That’s according to the latest survey conducted in 2023 by a team of researchers led by Martin King Whyte of Harvard University and Scott Rozelle of Stanford University, who have been monitoring the shifts since 2004.The survey found that across all income brackets, more respondents thought their families’ economic situation had declined in 2023 compared with previous years.International travel is recoveringBut despite their negative sentiment on the economy, many affluent Chinese are more keen to travel internationally than they were just before the pandemic.Rather than spending on a luxury product, for example, they would rather “spend on something that can make [them feel] better now,” Wouters said.“You just want to enjoy the moment,” she said.Oliver Wyman predicts the share of affluent Chinese traveling internationally this year will reach 37%, above the 32% level seen in 2019, before the pandemic. So far, 27% of respondents have already traveled abroad, with 10% more expected to make a trip later this year.Still, affluent Chinese aren’t necessarily traveling back to pre-pandemic hot spots such as the United States, the report said, noting that they are sticking closer to home instead. Chinese travel to Malaysia and Japan has already made a full recovery to 2019 levels, Oliver Wyman’s analysis showed.
Industry Leaders Unite to Deliver Smarter, Safer, and More Sustainable Urban RidesBEIJING, July 21, 2025 /PRNewswire/ -- Bird, a pioneer in shared micromobility, and Segway, a global leader in electric vehicle innovation, announced a strategic alliance to roll out advanced new electric scooters and e-bikes across key North American markets. This next-generation fleet combines Segway's engineering excellence with Bird's operational expertise to set new standards for performance, safety, and sustainability in urban transportation. The partnership ...Full story available on Benzinga.com
Economist Judy Shelton, a former advisor to President Donald Trump during his first term and senior fellow at the Independent Institute, delivered a sweeping critique of the Federal Reserve on Monday.What Happened: Aligning herself with the former Fed Governor Kevin Warsh's call for “monetary regime change,” Shelton called for a structural overhaul, while questioning the very notion of central bank independence.Shelton argued that the challenges facing the Fed go far beyond short-term rate decisions, pointing to systemic issues within the institution itself. “We’re really looking at much deeper problems at the Federal Reserve, its models, its constructs, the way the Federal Reserve staff choreographs the meeting,” she said.See Also: Trump Says He Doesn’t Need Scott Bessent’s Advice To Fire Jerome Powell: ‘I Know Better Than Anybody What’s Good For The Market’She further ...Full story available on Benzinga.com
Hanwha Shipping, a unit of South Korean conglomerate Hanwha Group, announced today it has ordered a liquefied natural gas (LNG) carrier from Hanwha Philly Shipyard, marking the first U.S.-ordered, export-market-viable...
Zions Bancorporation reports strong Q2 2025 results with expanding net interest margin, loan growth, and success in new products.
Zions Bancorporation, National Association (NASDAQ:ZION) Q2 2025 Earnings Conference Call July 21, 2025 5:30 PM ETCompany ParticipantsDerek Steward -...
The Decline Of US Housing Affordability The cost of a typical American home has raced far ahead of paychecks.This graphic (and below video), via Visual Capitalist's Pallavi Rao, charts how the median sales price of a newly-built privately-owned residential units (including houses and apartments) and the median household income have moved since 1967.Data for this graphic is sourced from the Census Bureau (both home prices and household incomes).The Federal Reserve’s CPI-U index was used to convert both to 2023 dollars for an apples-to-apples comparison.Tracking U.S. Home Prices vs. Household IncomesThe median sales price of a new U.S. home reached $428,600 in 2023. That price was more than five times the median household income of $80,610 that year.See how both metrics have moved since 1967 in the video below.The widening gap underscores why today’s buyers feel squeezed, even with low-down-payment loans and longer mortgage terms.It also hints at deeper forces, from land-use rules to interest-rate cycles, shaping the housing market’s boom-and-bust rhythm.The Affordability Ratio Has Doubled Since 1970Dividing price by income yields a home-price ratio, a quick gauge of affordability. A ratio of 3 is often cited as a sustainable benchmark.Back in 1970, the typical new home cost just 3.2 times the median income.YearMedian HouseholdIncome (2023 Dollars)Median Home Prices(2023 Dollars)Home-Price Ratio1967$53,530$207,3463.871968$55,810$216,3723.881969$58,010$212,6403.671970$57,580$183,6453.191971$57,090$189,6313.321972$59,330$201,1103.391973$60,610$223,0363.681974$58,780$221,8453.771975$57,180$222,5103.891976$58,160$236,6584.071977$58,450$245,3374.201978$60,720$260,1724.281979$60,610$264,0824.361980$58,720$238,8564.071981$57,730$230,8934.001982$57,570$218,8173.801983$57,210$230,3624.031984$58,930$234,3563.981985$60,050$238,7953.981986$62,280$255,7524.111987$63,060$280,2324.441988$63,530$289,8654.561989$64,610$294,9524.571990$63,830$286,6094.491991$61,960$268,4764.331992$61,450$263,8414.291993$61,150$266,8234.361994$61,800$267,2374.321995$63,770$267,7434.201996$64,710$271,9684.201997$66,050$277,1454.201998$68,470$285,0594.161999$70,210$294,5044.192000$70,020$299,0394.272001$68,870$301,4894.382002$68,310$317,7874.652003$68,350$322,9914.732004$68,250$356,5115.222005$69,310$375,8615.422006$70,080$372,5805.322007$71,210$364,3035.122008$68,780$328,4744.782009$68,340$307,7744.502010$66,730$309,9344.642011$65,750$307,7644.682012$65,740$325,4134.952013$68,220$351,7145.162014$67,360$371,3265.512015$71,000$378,2145.332016$73,520$390,7685.322017$75,100$401,6375.352018$75,790$396,0655.232019$81,210$383,1754.722020$79,560$389,5734.902021$79,260$431,2405.442022$77,540$452,3855.832023$80,610$428,6005.32By 2004, that ratio had breached 5x for the first time, and it has rarely dipped below 5 since the Great Financial Crisis. In 2022, the ratio peaked at 5.83—an all-time high.Even with a slight pullback in 2023, the multiple remains about two times higher than it was half a century ago, signaling persistent affordability pressure.Boom-and-Bust Cycles Leave Lasting ScarsThe 2000-2006 housing boom pushed home prices up faster than incomes, inflating the ratio from 4.3 to 5.4 in just six years.After the 2008 crash, prices corrected, trimming the multiple to 4.5 by 2009.Yet incomes stagnated while credit conditions eased, allowing prices to roar back. Each bust resets the market, but the floor keeps rising—suggesting structural supply shortages and demographic demand that quick corrections cannot fully unwind.Pandemic Stimulus Supercharged Home PricesRecord-low mortgage rates and a surge in remote-work moves propelled home prices in 2020-22. Median new-home prices jumped nearly $63,000 in two years—while median incomes fell slightly.Even as interest rates climbed in 2023 and prices cooled, the typical buyer still needed more than five years of gross income to purchase a newly built home.Unless incomes rise faster or supply meaningfully expands, the era of “stretch” affordability looks set to continue.Median values are good for quick understanding but hide variance across the country. For more nuanced data, check out The Income Needed to Buy a Home in Every U.S. State on Voronoi, the new app from Visual Capitalist. Tyler DurdenMon, 07/21/2025 - 22:10
During the quarter, Polen Global Growth Portfolio returned 8.16% gross of fees (7.87% net of fees) compared to 11.53% for the Index. Read more here.
Oil Prices Dip as U.S.-EU Trade War Looms Crude Oil Prices Today | OilPrice.com‘Global oil market is oversupplied’: expert expects oil prices to fall BNN BloombergOil prices inch down on expected minimal sanctions impact Yahoo.coOil steady as little impact seen from EU sanctions on Russia CNBCOil Holds Loss as Trade Negotiations Intensify Before Deadline Bloomberg
Oil prices drifted lower early Tuesday in Asian markets, weighed down by escalating trade tensions between the world’s largest economies and mounting signs of rising crude supply. The looming threat of an economic slowdown with the potential to curb fuel demand growth is driving bearish sentiment. At the time of writing, Brent crude was down 0.71% at $68.72 a barrel, while U.S. West Texas Intermediate (WTI) crude had slipped 0.60% to $66.80 a barrel. The declines follow modest losses on Monday, with both benchmarks struggling for direction...
Trump Slams WSJ Article About Treasury Secretary Warning Him to Not Fire Fed's Powell VarietyTreasury Secretary Bessent calls for a review of 'the entire' Federal Reserve CNBCExclusive | How Bessent Made the Case to Trump Against Firing Fed Chair Powell - WSJ The Wall Street JournalScott Bessent calls for probe into ‘the entire Federal Reserve institution’ Financial TimesTrump denies another Journal report, this time on Powell, Bessent The Hill
Billionaire In-N-Out Heiress Lynsi Snyder Reveals She's Quitting California for Tennessee: 'It's Not Easy Here' Realtor.com'Business is not easy here': In-N-Out's owner is leaving California SFGATEBillionaire In-N-Out heiress Lynsi Snyder and family leaving California for Tennessee Fox BusinessIn-N-Out’s billionaire heiress is quitting California because it’s too difficult to raise kids and do business FortuneIn-N-Out billionaire Lynsi Snyder says she is leaving California: 'Doing business is not easy here' MSN
Secondary and smaller ports across the U.S. are processing less trade as shippers readjust supply chains against the latest tariff deadlines. Ports of Oakland, Jacksonville, New Orleans, and Panama City, Florida, are among those “getting sandwiched out of port calls as more shippers decide to unload their freight in the larger ports,” said Paul Brashier, vice president of global supply chain at ITS Logistics. “This is not a seasonal dip, but a market recalibration,” said a top official at Port of Oakland.Across the U.S., from California to the Gulf Coast, secondary and smaller ports are processing less trade as shippers readjust supply chain deliveries in a race against August tariff deadlines.Recent data on container volumes shows that while the nation’s busiest port, Los Angeles, has seen a sizable bump in traffic, that has come at the expense of trade activity for smaller ports, where there has been a reduction in scheduled services for imports, according to ITS Logistics’ monthly US Port/Rail Ramp Freight Index.“The ports of Oakland, Jacksonville, New Orleans, and Panama City [Florida] are getting sandwiched out of port calls as more shippers decide to unload their freight in the larger ports in an effort to get the product in before the tariffs,” said Paul Brashier, vice president of global supply chain at ITS Logistics.The Port of Oakland recently reported a 10.1% decrease month-over-month in June — year-over-year container traffic was down 13%.Port of Oakland maritime director Bryan Brandes said the softening demand is a result of the ongoing tariff uncertainty. “This is not a seasonal dip, but a market recalibration,” said Brandes. “Importers and exporters are adjusting their supply chain timing and routing decisions in response to evolving conditions,” he added.Oakland is unique among U.S. ports, maintaining a near 50/50 balance of imports and exports, with a big role in the nation’s agricultural trade. The Port of Oakland is the No. 1 refrigerated export gateway in the U.S., and nearly all containerized cargo moving through Northern California goes through the Port of Oakland.Container volumes are key economic and job drivers for a port’s local community and economic stability, and port officials have voiced concerns in recent months about the trade war risks. The Port of Oakland, along with its partners, supports more than 98,000 regional jobs and $174 billion in annual economic activity.Jobs and trade have also been a focal point for the larger ports, even amid a short-term increase in container volumes during the pause on the steepest Chinese tariff levels, which saw the Port of Los Angeles handle record monthly traffic in June.Back in its May container update, Port of LA executive director Gene Seroka said the drop in containers being moved impacted jobs. “We saw that for every two longshore members that walked into the hiring hall, one went home without work,” he said.During the more recent front-loading of Chinese goods ahead of the mid-August deadline for a trade deal before much higher tariffs kick in, port officials have stressed that they would not describe it as a “surge.”Seroka recently told CNBC that “shifting timelines simply mean shifting volume and more uncertainty here at the Port of LA. Looking into August, if everything holds the way we see it right now, I expect volume to ease because of those new tariffs being in place, making it more costly for American importers.”Smaller ports will continue to face economic pain“It’s easy to say right now, peak season is earlier than normal. Just a question of how long this will last,” Brashier said. He added that the recent trend among ocean carriers to concentrate on the largest ports like Los Angeles while skipping secondary ports like the Port of Oakland should continue.“There is too much uncertainty in the marketplace right now for companies to truly book ahead,” he said. “Companies are reassigning their logistics to be as efficient as possible in moving their decreased number of containers. It is all about margins, so when you are negotiating with logistics companies, shippers may have more negotiating power with more containers arriving at one port instead of two or three.”Comparing June and July container arrivals, the majority of the secondary ports across the U.S. are down substantially, according to trade tracker Vizion, though Oakland has seen a slight turnaround. USMOB (Mobile): +3,154 TEUs (+7.04%) USOAK (Oakland): +1,183 TEUs (+1.10%) USJAX (Jacksonville): -3,803 TEUs (−12.90%) USCHS (Charleston): -21,339 TEUs (−13.37%) USBAL (Baltimore): -14,815 TEUs (−17.65%) USMSY (New Orleans): -10,657 TEUs (−34.92%) USSEA (Seattle): -65,705 TEUs (−35.75%) USTIW (Tacoma): -60,311 TEUs (−36.01%)Josh Stein, governor of North Carolina, recently told CNBC that there has been a recent reduction in traffic at the state’s biggest port in Wilmington, a result of trade policy that “changes practically on a daily basis.”“We need to have stability, businesses need certainty, so they can figure out how and where to invest,” Stein said. More than 20% of North Carolina’s GDP in 2024 came from international trade in goods, according to data from Trade Partnership Worldwide.The outlook for Chinese exports to the U.S., according to recent SONAR data on ocean freight bookings, suggests a decline in orders headed to the U.S. in the coming weeks.Even as the stock market and economy prove resilient in the face of tariff uncertainty, U.S. companies continue to downsize orders or eliminate products that are not as popular.“Carriers are aligning service schedules, resulting in fewer sailings, fuller ships, and volume patterns that mirror the broader hesitancy in global trade,” said Brashier.There are economic reasons for shippers to maintain service across a wide portfolio of ports. Brashier said the decision to cut down on ports called on can negatively lead to higher costs. Export containers can be in different locations, which can impact availability, and truck transportation costs can be anywhere between two and four times what is typical.“Normally, a company’s distribution center is near the port where they traditionally bring their freight in,” Brashier said. “If their containers are now being offloaded at another port, that means that container pickup, which was originally a local pickup, could morph into a 400 to 500-mile trucking job. The more miles a trucker travels to pick up a container and return, the more expensive that freight move will be.”
Crestwood Advisors Group LLC lifted its holdings in shares of Exxon Mobil Corporation (NYSE:XOM – Free Report) by 0.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 130,832 shares of the oil and gas company’s stock after buying an additional [...]
Tabor Asset Management LP cut its stake in Williams-Sonoma, Inc. (NYSE:WSM – Free Report) by 2.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,195 shares of the specialty retailer’s stock after selling 820 shares during the period. Williams-Sonoma makes up [...]
Community Heritage Financial, Inc. (OTCMKTS:CMHF – Get Free Report) declared a quarterly dividend on Monday, July 21st, RTT News reports. Shareholders of record on Friday, August 1st will be paid a dividend of 0.08 per share on Friday, August 8th. This represents a $0.32 annualized dividend and a yield of 1.26%. Community Heritage Financial Price [...]
Souders Financial Advisors cut its holdings in EOG Resources, Inc. (NYSE:EOG – Free Report) by 34.0% during the first quarter, Holdings Channel reports. The institutional investor owned 3,699 shares of the energy exploration company’s stock after selling 1,902 shares during the period. Souders Financial Advisors’ holdings in EOG Resources were worth $474,000 as of its [...]
Crestwood Advisors Group LLC lifted its position in shares of Lam Research Corporation (NASDAQ:LRCX – Free Report) by 3.6% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 339,568 shares of the semiconductor company’s stock after purchasing an additional 11,873 shares during the quarter. Crestwood Advisors Group LLC’s holdings in Lam Research were worth [...]
Wealth Dimensions Group Ltd. trimmed its position in Southern Company (The) (NYSE:SO – Free Report) by 2.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,684 shares of the utilities provider’s stock after selling 224 shares during the period. Wealth [...]
1776 Wealth LLC lowered its position in shares of Truist Financial Corporation (NYSE:TFC – Free Report) by 22.7% in the first quarter, Holdings Channel reports. The institutional investor owned 5,100 shares of the insurance provider’s stock after selling 1,500 shares during the period. 1776 Wealth LLC’s holdings in Truist Financial were worth $210,000 as of [...]
Tabor Asset Management LP decreased its position in Tapestry, Inc. (NYSE:TPR – Free Report) by 21.8% in the 1st quarter, HoldingsChannel reports. The firm owned 65,155 shares of the luxury accessories retailer’s stock after selling 18,130 shares during the period. Tapestry makes up about 1.2% of Tabor Asset Management LP’s holdings, making the stock its [...]
Crestwood Advisors Group LLC increased its position in shares of Lam Research Corporation (NASDAQ:LRCX – Free Report) by 3.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 339,568 shares of the semiconductor company’s stock after purchasing an additional 11,873 shares during [...]
U.S. Leading Indicators Show Economic Clouds Gathering The Wall Street JournalLeading Economic Index slips in June Staffing Industry AnalystsLeading economic index points to recession. It may be another false signal, economist says. MarketWatchU.S. Leading Economic Index Dips Slightly More Than Expected In June NasdaqLeading Indicators declines on weaker orders, low consumer expectations in June MSN
Freeport-McMoRan (NYSE:FCX) has outperformed the market over the past 10 years by 2.37% on an annualized basis producing an average annual return of 14.04%. Currently, Freeport-McMoRan has a market capitalization of $65.91 billion. Buying $1000 In FCX: If an ...Full story available on Benzinga.com
Read the full article hereThe post Dollar Dominance Monitor cited in Politico appeared first on Atlantic Council.
ImmunityBio sees bullish momentum from ASCO data and UK approval for ANKTIVA, despite FDA and cash risks. Check out why IBRX stock is a buy.
Toronto startup Cosm Medical is using AI-powered software, 3D printing and a highly personalized approach to produce tailor-made prosthetics.
MONTREAL, July 20, 2025 /PRNewswire/ - SYDNEY, Australia – July 21, 2025 Patriot Battery Metals Inc. (the "Company" or "Patriot") (TSX: PMET) (ASX: PMT) (OTCQX: PMETF) (FSE: R9GA) is pleased to advise that Ken Brinsden, the Company's President, CEO and Managing Director, will host a live...
Multi-Billion Dollar Boondoggle: Biden Admin Plan For Electric Mail Trucks Flops Massively A Biden administration effort to electrify the U.S. Postal Service has produced just 250 electric mail trucks in over two years—far behind schedule and slammed by Republicans as a multibillion-dollar "boondoggle."The nearly $10 billion project aimed to roll out 35,000 battery-powered USPS vehicles by September 2028, with $3 billion funded through President Biden’s 2022 Inflation Reduction Act (IRA), according to the NY Post.But despite $1.7 billion already spent, only a small portion of the fleet exists, prompting Republicans to push for canceling the remaining $1.3 billion in funding.“Biden’s multi-billion-dollar EV fleet for the USPS is lost in the mail and more than $1 billion is postmarked to order more,” said Sen. Joni Ernst (R-Iowa).“I am working to cancel the order and return the money to the sender, the American people.”Wisconsin-based Oshkosh was awarded $2.6 billion to build the trucks. Yet as of late 2024, just 93 had been delivered—far short of the 3,000 expected. Production has been plagued by engineering issues, including airbag calibration failures and leaks so bad water poured out of the trucks.“This is the bottom line: We don’t know how to make a damn truck,” one insider told The Washington Post.The Post wrote late last week that a 2022 attempt by an Oshkosh executive to warn USPS about the problems was blocked by superiors. Former Postmaster General Louis DeJoy reportedly distanced himself from the delays.“I’m in the parcel delivery business, not the vehicle manufacturing business,” he told colleagues.By mid-2025, Oshkosh’s factory was producing only one truck per day—far below its projection of 80. The cost per vehicle: $77,692 for 28,195 units. USPS says it has ordered 51,500 Next Generation Delivery Vehicles (NGDVs), including 35,000 battery electric models. To date, just over 250 electric NGDVs have been delivered.USPS also ordered 9,250 Ford E-Transit EVs, nearly 8,000 of which have arrived.“Modernization of the Postal Service’s delivery fleet is part of the organization’s $40 billion investment strategy,” a USPS rep said.The new trucks are meant to replace aging Grumman Long Life Vehicles from 1987, which are noisy, costly, inefficient, and known to catch fire.Despite Biden’s goal for a fully electric USPS fleet by 2026, the project has stalled. In a February 2025 report, the Government Accountability Office listed USPS as “high risk,” citing its inability to fund its services.USPS lost $9.5 billion in fiscal year 2024. Former President Donald Trump proposed merging it with the Department of Commerce.“[USPS has] been just a tremendous loser for this country... We want to have a post office that works well and doesn’t lose massive amounts of money,” he said.Now, new Postmaster General David Steiner, appointed in July 2025, inherits the troubled program just as USPS approaches its 250th anniversary. Tyler DurdenSun, 07/20/2025 - 22:45
As pitches from founders come flooding in, one investor has revealed how VCs use a historic “law” to identify the best investments.“The power law in venture capital basically means that a small number of investments generate the vast majority of returns. So essentially, one or two massive winners outweigh all other investments combined,” Peter Specht, general partner at European VC firm Creandum, told CNBC Make It in an interview.He described it as “significant in decision-making for VCs.”The power law originates from the work of late-19th-century Italian economist Vilfredo Pareto. He noticed that 20% of the pea pods in his garden produced 80% of the peas, and applied this observation to economic conditions and wealth disparity.Specht explained that, as VCs often finance ideas that are risky and innovative, they know that some of these startups will fail. But the returns from the companies that succeed can become “massive winners,” which “outweigh all other losses or smaller exits,” he said.“From a return perspective, you want to really hit the outliers. We want the Spotifys, the Revoluts, the Klarnas,” he said.“Outcomes at that size, or that scale, return more capital to investors and founders than five, billion-dollar exits. A $50 billion exit is way bigger than five $1 billion exits.”‘Pitch why it can become so big’Although the route to securing venture capital in Europe is improving, there’s still some way to go, according to Atomico’s State of European Tech Report 2024.In fact, the average seed round — the first official round of fundraising — in Europe was $1.4 million last year, compared to $3 million in the U.S., Atomico found. It’s even harder at the growth stage, with American startups twice as likely to raise funding rounds of more than $15 million.Some 60% of respondents told Atomico in 2024 that it was harder to raise external finance compared to the previous year.Specht said one key way to convince VCs that you’re building the next Spotify or Revolut is to show that your company has “outsized-outcome potential.”“You need to pitch why it can become so big, why it can become a category-defining company,” he said.This includes explaining how you’re tackling the market and how the product can expand over time. At the seed stage, having an early product or pilot users with positive feedback can help.If you don’t have the product yet, there needs to be evidence that the product is filling a gap in the market and is offering a genuine solution to customers.VCs also look for “exceptionally strong and ambitious founders,” Specht said, adding that he wants to understand their motivation and drive.“One thing we obviously ... like to see is if founders have a spike in a particular area, or a skill, and shown excellence in that,” he said.This could be work-related, such as having technical or leadership capabilities, or even excelling in sports or studies.‘Visionary storytelling’Given the gap between fundraising in Europe and the U.S., Harry Stebbings, the founder of 20VC, identified a difference in the way founders pitch.American founders tend to be more bold and ambitious, Stebbings said, compared to their counterparts across the Atlantic.“I don’t think Europeans are as good fundraisers [as Americans]. We need to tell better stories. We need to market ourselves better. We are too self-deprecating,” he told CNBC Make It.Some founders have even been “badly” advised to include “exit slides” in their pitches, Stebbings added. “That makes me feel sick, like I’m planning my divorce when I get married.”While Specht disagrees that European founders lack ambition, he thinks that startups in the region could tell better stories.“We have people and founders that dream really big and want to build massive companies,” he said. “In the general culture between Europe and the U.S., I think U.S. founders and Americans are pretty good in storytelling and also pretty good salespeople.”“There, we can focus on being even more bold, having an even more refined and visionary storytelling,” Specht added.
U.S. Treasury yields were lower on Monday as investors weighed the state of the U.S. economy and considered the latest trade developments.At 5:33 a.m. ET, the 10-year Treasury yield was over 5 basis points lower at 4.379%. The 2-year yield was more than 2 basis points lower at 3.85%. The 30-year yield was also over 4 basis points lower at 4.95%.One basis point is equal to 0.01% and yields and prices move in opposite directions.It’s quiet on the economic data front this week, but investors will await the leading indicators reading for June on Monday, slated to be released at 10 a.m. ET.They will keep an eye on Federal Reserve Chairman Jerome Powell’s speech on Tuesday morning, existing home sales data for June on Wednesday, weekly initial jobless claims on Thursday, and durable goods orders on Friday.The Fed is currently in a blackout period — a policy that limits Fed officials from speaking publicly ahead of the Federal Open Market Committee meeting next week where monetary policy decisions will be made, including interest rate cuts. The blackout period began on Saturday.Investors are also monitoring the latest trade news. Over the weekend, the White House reiterated that countries must begin paying tariffs from Aug. 1. On Sunday, U.S. Commerce Secretary Howard Lutnick said it’s a “hard deadline,” but said countries can still negotiate the tariffs after that date.“Nothing stops countries from talking to us after August 1, but they’re going to start paying the tariffs on August 1,” Lutnick said.
NYU finance professor Aswath Damodaran is urging caution regarding corporate Bitcoin holdings, which have gained traction in recent years, with just four notable exceptions. Check out the current price of MSTR stock here.What Happened: On Saturday, in a post on X, Damodaran said that while the strategy has gained traction thanks to Strategy Inc.'s (NASDAQ:MSTR) outsized bets and Michael Saylor's cult-like status, it's fundamentally flawed for most firms.“In the last few years, Strategy has become a Bitcoin SPAC, with investors attributing savant-like status to Michael Saylor,” he says, noting that this has led more companies to shift their cash holdings into Bitcoin, which he views as “a bad idea, but there are four carveouts.”See Also: Stock Of The Day – Breakout Time For MicroStrategy?The renowned valuation expert outlines the exceptions for when, if ever, Bitcoin should be included on a corporate balance sheet. The first is companies whose leadership is especially skilled in trading the digital currency, “much better at timing trades than the average investor.”However, Damodaran warns that “the peril is that perception is not always reality,” highlighting the risks of misplacing trust in a CEO’s trading acumen in volatile markets like crypto. The second exception includes firms that use Bitcoin for day-to-day operations. “The bitcoin holdings should be proportional to bitcoin transactions, and operate more like working capital than investing bet,” he says, pointing ...Full story available on Benzinga.com
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The U.K. finds itself in something of a sweet spot when it comes to trade, given it has deals with both the U.S. and European Union. That’s a turnaround after the uncertainty that followed the 2016 Brexit referendum, which prompted businesses to shift operations to mainland Europe and exports to fall. President Donald Trump’s threatened 30% tariffs on the EU might drive some businesses to reconsider the U.K.Jason Alden | Bloomberg Creative Photos | Getty ImagesA European Union (EU) flies alongside a British Union flag, also known as a Union Jack in London.In 2016, the U.K.’s vote to leave the EU prompted many businesses to shift operations to the European continent, taking investment and headcount with them.Fast forward to 2025, and the specter of U.S. President Donald Trump’s 30% trade tariffs on the EU, which will kick in on Aug.1 unless a trade deal is reached, could bring them back.“The U.K. could be a big indirect winner” if the threatened U.S. duties on the EU become a reality, according to Alex Altmann, partner and head of the German desk at London-based accountancy and business advisory firm Lubbock Fine.“If the tariff rate for the EU finally ends up anywhere near this 30% level then the U.K.’s much lower U.S. tariffs would offer a major incentive for EU companies to shift some of their manufacturing to the U.K. or to expand their existing U.K. facilities,” he noted in emailed comments. Chris Ratcliffe | Bloomberg | Getty ImagesA Range Rover Sport SUV on the production line at car manufacturing plant in Solihull, U.K.“The U.K. has a lot of spare manufacturing capacity after Brexit. A big gap between U.K. and EU tariffs would be a major opportunity for the U.K. to regain some of its lost status as a key European manufacturing hub,” added Altmann, who is also the vice president of the British Chamber of Commerce in Germany.As things stand, the U.K. has already struck a trade deal with the U.S. that reduces duties on cars to 10% and grants it the lowest duty on steel imports. London also has a “reset” deal with the EU, after the Labour government under Prime Minister Keir Starmer — who was opposed to Brexit — carved out a trade agreement following years of post-referendum acrimony.The post-Brexit trade landscapeThe sweet spot the U.K. now finds itself in comes after several years of uncertainty and angst for businesses, as they’ve tried to navigate a post-Brexit world of more red tape and barriers to export.That’s been an ongoing gripe for exporters, given that the 27-country EU remained the U.K.’s largest trading partner after Brexit was finally enacted in 2020. The EU accounted for more than 50% of Britain’s foreign trade in goods in 2024, according to the European Commission.Read moreTrump’s 50% steel tariffs hit the world but UK spared full blowTrump says U.S. has struck ‘comprehensive’ deal with UKUK and European Union agree to post-Brexit reset dealA number of big businesses, and particularly financial services firms such as Goldman Sachs and JPMorgan, sought to avoid the transnational regulatory complexities of the post-Brexit landscape by relocating operations and assets to other financial hubs in the EU, such as Dublin, Paris, Amsterdam and Frankfurt. The exodus was ultimately not as dramatic as was initially feared.Supporters and critics argue over the merits and disadvantages of Brexit and the divorce from the EU’s single market and customs union, as well as the free movement of goods and people that came with EU membership. Yet most economists agree that Brexit dented U.K. exports, jobs and economic growth.The Office for Budget Responsibility, the U.K.’s independent forecaster, estimates that exports and imports will be around 15% lower in the long run, compared to if the U.K. had remained in the EU. Although economists argue over the impact on the wider economy, it’s generally agreed that the U.K.’s GDP is around 5% lower than it would have been, had Britain not voted to leave the bloc.Tariffs windfall? Not so fastWhile the U.K. is reveling in its newfound harmony with its American and European business partners, the extent of any windfall that comes as a result of the EU’s trading pain with the U.S. remains to be seen.It remains unclear whether Trump’s planned 30% tariff on the bloc will actually go ahead on Aug.1. The U.S. president’s mercurial nature means the ultimate levy rate could go higher — he previously threatened a 50% tariff — or lower, toward the baseline 10% level that the EU is pursuing.Not everyone agrees that the U.K. could benefit from trade misfortunes that befall the EU, whatever the outcome of last-ditch talks between Brussels and Washington.“First of all, the 30% tariffs for the EU, they’re not a given,” Carsten Nickel, managing director at Teneo, told CNBC last week, pointing out that any potential post-tariffs shift in business investment from Europe back to the U.K. would be unlikely to happen quickly.Jonathan Ernst | ReutersPresident Donald Trump attends a bilateral meeting with European Commission President Ursula von der Leyen during the 50th World Economic Forum (WEF) annual meeting in Davos, Switzerland, January 21, 2020. “If we were to talk about moving production facilities from Europe to the U.K. because the U.K. has a deal with the U.S. — the time horizon for that is a multi-year, if not decade-long, kind of time horizon,” he said.In addition, Nickel noted that the U.K.’s strength remained in financial services rather than in manufacturing, which remains more prevalent in export-oriented countries like Germany and Italy.“The reality is that the U.K.’s comparative advantage is not in high-end manufacturing ... so the idea that you’re going with this stuff that you’re currently producing in, say, Germany and Switzerland, and you’re moving that to the U.K. tomorrow ... it’s just not a decision that that a business leader in Europe can take just like that,” Nickel said.
The 13-year-old step-grandson of television star Dog the Bounty Hunter was fatally shot by his father in a tragic accident, sources tell TMZ . Gregory Zecca, the son of the reality star's wife Francie from a previous marriage, was at his Florida apartment with his son, Anthony, when the shooting took...
Amber Kanwar’s Weekly Setup: What investors need to know about the big earnings week ahead The Globe and MailStock market today: Dow, S&P 500, Nasdaq inch higher to start busy week of Big Tech-dominated earnings Yahoo FinanceS&P 500, Nasdaq hit record highs as traders await big tech earnings, eye trade developments: Live updates CNBCU.S. stocks edge higher ahead of a busy week of profit reports CTV NewsStock Market Today: Dow Rises Ahead Of Alphabet, Tesla Earnings; Verizon Jumps On Earnings (Live Coverage) Investor's Business Daily
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